WorksheetsSource Documents
Total questions: 32
Worksheet time: 16mins
Name this source document.
receipt
cash register slip
payment voucher
invoice
State the source document issued or received for the following transaction:
Sold inventory on credit to Joyce.
invoice issued
invoice received
payment voucher received
remittance advice received
State the source document issued or received for the following transaction:
Sold non-current assets on credit to Randy.
invoice issued
invoice received
cash register slip issued
receipt issued
State the source document issued or received for the following transaction:
Sold non-current assets to Nancy for cash.
receipt issued
payment voucher received
bank statement received
invoice issued
State the source document issued or received for the following transaction:
Purchased inventory on credit from Perry.
Invoice received
Invoice issued
Debit note received
Receipt received
State the source document issued or received for the following transaction:
Purchased non-current assets on credit from Sherry.
invoice received
invoice sent
debit note received
credit note received
State the source document issued or received for the following transaction:
Cash sales to Rickey.
receipt / cash register slip issued
payment voucher issued
remittance advice issued
debit note issued
State the source document issued or received for the following transaction:
Cash purchases from Yvonne.
receipt / cash register slip received
payment voucher issued
invoice received
debit note received
State the source document issued or received for the following transaction:
Sherry (credit customer) returned faulty inventory / goods.
debit note issued
credit note issued
debit note received
credit note received
State the source document issued or received for the following transaction:
Overcharged Sherry (a credit customer) for inventory previously sold to her.
debit note received
debit note issued
credit note received
credit note issued
State the source document issued or received for the following transaction:
Undercharged Cherrie for inventory previously sold to her.
debit note issued
debit note received
credit note issued
credit note received
State the source document issued or received for the following transaction:
Returned faulty inventory to Perry.
debit note received
debit note issued
credit note received
credit note issued
State the source document for the following transaction:
Paid rent by cheque.
payment voucher
receipt
invoice
debit note
State the source document for the following transaction:
Paid salaries by cash.
bank statement
payment voucher
receipt
credit note
State the source document for the following transaction:
Quincy contributed a fish tank into his business
memorandum
invoice
receipt
remittance advice
State the source document for the following transaction:
Transferred cash from bank to office.
payment voucher
receipt
debit note
credit note
State the source document issued or received for the following transaction:
Credit sales of inventory to Farah.
invoice received
invoice issued
debit note issued
receipt issued
State the source document for the following transaction:
Received commission by cheque.
remittance advice
receipt
debit note
credit note
State the source document issued or received for the following transaction:
Farah, a credit customer, returned damaged inventory.
invoice issued
debit note issued
credit note issued
receipt
State the purpose of a bank statement.
an internal document for the business to track payments made.
states the deposits into and withdrawals from the business bank account.
acts as evidence that the business made a payment.
acts as evidence that the business has received a payment.
State the purpose of a credit note.
states the amount to be reduced from the invoice that was issued earlier.
states the amount the buyer owes the seller.
states the amount to be added on to the invoice that was issued earlier.
tracks payments made by the business.
State the purpose of a debit note.
states the amount the buyer owes the seller.
states the amount to be reduced from the invoice that was issued earlier.
states the amount to be added on to the invoice that was issued earlier.
acts as evidence that the business has made a payment.
State the purpose of an invoice.
States the amount the buyer owes the seller.
Acts as evidence that the business has made a payment.
States the amount to be reduced from the invoice that was issued earlier.
States the amount to be added on to the invoice that was issued earlier.
State the purpose of the payment voucher
States the deposits into and withdrawals from the business bank account.
An internal document for the business to track payments made.
States the amount the buyer owes the seller.
States the amount to be reduced from the invoice that was issued earlier.
State the purpose of a receipt.
states the amount to be added on to the invoice that was issued earlier.
states the amount to be reduced from the invoice that was issued earlier.
an internal document for the business to track payments made
acts as evidence that the business has made a payment.
When a customer pays the supplier in cash, the supplier will issue the customer a document called a _________________.
receipt
invoice
payment voucher
debit note
A supplier who has undercharged a customer will issue the customer a document called a ________________________.
debit note
credit note
invoice
remittance advice
when a supplier sells goods on credit, the supplier will issue the customer a document called a / an ________________.
invoice
debit note
credit note
payment voucher
The business will receive from the bank a ___________________ which states the deposits and withdrawals made to and from the business bank account.
bank statement
income statement
bank reconciliation statement
memorandum
Transactions are recorded based on reliable and verifiable information. This is in accordance with the _____________ concept.
accounting entity
consistency
consistency
objectivity
Transactions should be recorded in the accounts at their original cost shown in the source documents. This practice complies with the _____________________ concept.
accounting period
matching
materiality
historical cost
Which of the following source document is used to record transactions in the Cash Book?
Payment voucher
Credit note
Debit note
Sales Invoice
